Bay Area Excavation LLC
Bay Area Excavation LLC of Stevensville, MD operates in the site preparation contractors industry (NAICS 238910). The company was financed with an SBA 7(a) loan for a change of ownership totaling $587,000, approved on July 20, 2026, through First Western SBLC, LLC d/b/a Peachtree Group.
SBA 7(a) loan, change of ownership, approved Jul 20, 2026
$587,000 approvedLender: First Western SBLC, LLC d/b/a Peachtree Group25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $587,000
- SBA-guaranteed amount
- $440,250 (75% of the approval)
- Lender
- First Western SBLC, LLC d/b/a Peachtree Group, Dallas, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 20, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $4,826 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 27, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 238910, Site Preparation Contractors
- Project location
- Queen Annes County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 2% of acquisition loans in Site Preparation Contractors on this site.
- Average acquisition loan in Site Preparation Contractors: $1,877,202.
- Average acquisition loan in Maryland: $1,627,337.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in Maryland
- Hayes Holding Solutions LLC, Hyattsville